Business Insurance for Event Management Company

All About Event Management Professional Liability Insurance

Being an event manager can be a tough job. You’re going to be required to work diligently to ensure that the projects are perfectly planned in advance. Anything could go wrong and this is why you should consider investing in event management PLI insurance. A good event management PLI insurance policy will make a big difference in the long run. You may also want to bundle it up with commercial general liability insurance. This combination will protect your business to the fullest.

So, what scenarios can you use to justify purchasing event management errors and omissions insurance? You may make a mistake and schedule the event for the wrong date. Or, you may schedule it at the wrong venue. This would result in an angry customer and a lawsuit. You’ll also want to acquire commercial general liability insurance for event management companies. After all, there is a good chance that your service could cause damage or injury in the future. By acquiring both insurance policies, you’ll be able to defend yourself in the event of a legitimate or frivolous lawsuit.

Just remember that neither may be enough on their own. You may need to bundle event management CGL insurance with others to get protected to the maximum.

We recommend having $1,000,000 worth of PLI coverage along with CGL Insurance for a limit of $1,000,000 for all event management companies. Rates starting from $70/month!

Business Insurance for Event Management

 

Other Policy Options

Again, CGL insurance and professional insurance for event management companies might not be enough. These two coverage options will provide you with a decent amount of coverage, but it might not be enough. Below, you’re going to learn more about the other policy options that you may want to add to your E&O insurance policy.

Commercial General Liability Insurance – It is really in your best interest to acquire commercial general liability insurance, which is also referred to as business insurance. This type of insurance is going to protect you in the event that someone gets injured or if property is damaged. This insurance should be combined with event management professional insurance for the most protection.

  • Commercial General Liability Insurance Recommended Limits – $100,000 per claim / $1,000,000 aggregate


Cyber Insurance – 
There is a pretty good chance that you accept payments online. After all, it is much easier to do so. Plus, your customers like the convenience of being able to pay online using their credit card. If you allow your customers to pay online, you really need to speak with an event management PLI insurance broker about cyber insurance. Cyber insurance can protect your company by offsetting the expenses associated with your recovery after a security breach or another similar event.

  • Cyber Insurance Recommended Limits – $100,000 per claim / $1,000,000 aggregate


Professional Vehicle Insurance – 
Event managers are often required to travel on the job. There is a good chance that you’re no different. If this is the case, you need to understand the risks associated with driving. It is very easy to get distracted in the vehicle and this could lead to an automobile accident. This is why it is vital to obtain a good amount of vehicle insurance for your event management business.

  • Professional Vehicle Insurance Recommended Limits – $100,000 per claim / $1,000,000 aggregate

 

event management for corporate event

 

Potential Costs

At the end of the day, pretty much every business is going to want to know how much they’re going to be required to pay for insurance. When you combined event management CGL insurance with other coverage options, the price can climb higher and higher. Nevertheless, it is true that having insurance will prove to be well worth the cost. The average prices will be provided below.

  • CGL Insurance – $50 a month
  • Professional Liability Insurance – $70 a month
  • Professional Vehicle Insurance – $50 a month
  • Cyber Insurance – $30 a month

It is vital to understand that the numbers are estimations and averages. In order to get the most accurate prices, you would need to work directly with an event management CGL insurance agent. This is why you should get in touch with us. To find out how much you’re going to be required to pay, you should contact us via email or phone. You can also use our online form to get a free quote. Remember that we’re always here to help you, so you should never hesitate to get in touch with us.

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Other professions we also provide insurance for:

Academic Testing Centres
Accident Investigation
Accident Prevention Consultants
Accountants
Actuaries
Adjusters
Adoption Agencies
Advertising
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Agents
Agrologists
Agronomists
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Anthologist
Anthropologist
Appraisers
Arbitrators & Mediators
Arborists / Tree Surgeons
Archaeologists
Architects
Architects & Engineers
Architectural technicians and technologists
Associations
Attorneys
Auctioneers, Auction Houses
Authors
Bailiffs
Blueprint & Photocopy
Boat Registrars
Bookkeepers
Broadcasters
Building Designers(Bill 124)
Business Brokers/Managers
Business Consultant
Business Enterprise Agencies
Business Training Courses
Cabling Designers
Camera & Photo Supply Stores
Careers Advisory Service
Catering Consultancy
Cereal Growing Advisors
Chambers of Commerce & Trade
Charities
Chiropodists
Chiropractors
Civil engineers
Claims Adjusters & Administrators
Collection Agencies
Commercial Printer
Communication Consultants
Company Formation
Company Search Agency
Conference & Event Management
Conference Facilities & Services
Conservation Consultants
Conservation Organizations
Consultants
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Copywriters
Counselling & Advice Services
Court Reporters
CPA/CMA
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Designers
Dieticians (Consulting)
Directors
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Engineers
Environmental Engineers
Event Planners
Excess & Umbrella Liability
Filmmakers
Fitness Clubs
Foreign Legal Consultants
Holistic Professional
Home inspectors insurance
Immigration Consultants
Independent Contractor
Industrial Designers
Information Technology
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Journalists
Lawyers
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Mediators
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
Naturopaths
New Media
Occupational Health and Safety Consultants
Paralegals
Photographers
Placement Agencies
Podiatrists
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers
Publishers and Printers
Quality Control Consultants
Recruiters
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
Sub-Contractor
Surveyors
Tax Prepares
Technology Companies
Therapist Professionals
Town / Urban Planners
Training Providers/Trainers
Translators etc.
Travel Agencies
Travel Agents
Travel Agents, Tour operators
Web Designers
Web-Site Designers
Workplace Engineers & Consultants